H.R.154

To amend the Internal Revenue Code to exclude certain amounts of severance payments from gross income.

1/6/2009--Introduced.

Workers Severance Tax Reduction Act of 2009 - Amends the Internal Revenue Code to exclude from the gross income of individual taxpayers severance payments up to $150,000 for separation from employment due to a workforce reduction. Terminates such exclusion after 2010.